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Updated about 8 years ago on . Most recent reply
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Where do you hold money while you look for your next property?
Any tips on a liquid "investment" that would be advantageous for keeping funds that will be used to purchase the next investment property.
It doesn't seem to make sense to keep it in a bank account earning nothing, and while I could move it to a savings account earning about 1%, I wasn't sure if you all had any better options that wouldn't put the capital at risk.
I had thought perhaps whole life would be an option, but because I would just be starting out, the cash value in the first year would be only about 20% of what I would put into it. AND I found out that in my state that the cash value can be taken if sued.
Where do you put your money while waiting for the next investment?
Thanks in advance!
Most Popular Reply
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I hold it in my hands, usually because I don't want it sitting there doing nothing...it is usually right back into the next deal (which has already been analyzed and waiting for it). Money is a verb,.. not a noun. When it becomes a noun...you lose.